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Chile's finance minister, Felipe Larrain, tells Reuters that an unprecedented default on U.S. debt will impact “the whole world,” and that he doesn’t know why global financial markets are relatively stable in the face of such a threat.

TRANSCRIPT +

It was great degree is the answer you will -- the US. It was as much that Hulu tomorrow morning's roll that but significantly. More success. That. -- Europe. But that with the -- You know that means is -- -- Complicated sentences. What we expected that this disease heat. And the US. You know next date that falls -- -- you know all of these issues because a that old guy. That you -- The that. You gauge our rise in interest rates. You. He's a major effect -- credit markets. BUNC. Creating school he's that good in that direction. So. Uses them for us. Certainly because. -- he could really heal the -- in the US. And what does it on your country -- -- will the whole world you know. You are you very easy to please keep it open. Well. In the prices of commodities you know you holes. -- in growth in the US the news to them please. That -- That it's change it's still. He will it affect the -- me and prices. He's. I think it will be it will be very bad news for the wolves -- so eight I think what the markets are not. You know -- -- he. This is that he believes that the idea that we should mean. That eight days. That. It's very Dicey issue. Eat that he's reached over all good. It's -- the case it will have to be fit at the scene there. We'll a I think that in effect. The you. -- he's back to. Because. The it will be that first. The questions. Should -- but. I think that and he shouldn't read these he shouldn't be a degree. In little emblem but I think it affects the BBP -- to the world. -- open market. It is and in an -- and I would just make news section of the importance so you know the -- What these effects in people. You can. That we face in the you know liquidity and peace agreement. Do you cute is that.

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